Danske Bank receives inquiry from U.S. SEC over money laundering

FILE PHOTO: Danske Bank flag flutters at the bank's Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File Photo - Copyright Ints Kalnins(Reuters)

By Reuters

Published on 21/02/2019 - 11:34•Updated 20/04/2024 - 02:32

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COPENHAGEN (Reuters) - The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC).

It said SEC was carrying out an investigation, adding to an ongoing criminal investigation by the U.S. Department of Justice.

In addition to the United States, Danske is under investigation in Denmark, Estonia, France and Britain over some 200 billion euros (£173 billion) in payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian unit.

(Reporting by Stine Jacobsen; editing by Jason Neely)

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